ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

To: towerdog who wrote (83038)	12/4/2023 2:30:20 PM
From: Sun Tzu	1 Recommendation Read Replies (3) of 96758

Yes, Mr. Bonesaw does want to diversify. And he has made a lot promises which he currently cannot meet b/c the price of oil is too low. So what is he going to do? At some point in time, an emotional person like him may decide to just pump oil as much as necessary to build out his projects. If he does that, oil can drop below 40. A side benefit is that he will hurt all his enemies: the US oil, Canadian shale, Iran, etc. The one party that will be hurt a lot who is a "friend" is Russia. So I think that is what has stopped him so far. But the admin said today that they are running out of money for Ukraine. If congress doesn't cough up more money, then Russia may be able to live with low oil prices.

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